Calix's stock declined 48% due to an overvaluation and an overbought technical level.
Calix looks attractive again as the valuation improved and with the stock bouncing higher from a support level.
Calix's revenue and earnings are poised for future growth, as the BSP industry is expected to grow at a strong pace of nearly 10% annually to 2030.
You can read the...
The pullback today on $CALX is perfect.
Inside day tomorrow will set this up very nicely (orange bars).
Many on Fintwit mentioned $CLAX last Friday but if you noticed I never brought it up. That gap up to supply was not buyable (for me).
We are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci targets are highlighted in green with invalidation in red. Fibonacci goals, it is prudent to suggest, are nothing more than mere fractally evident and therefore statistically likely levels that the market will go to. Having said that,...
* Great earnings quarter over quarter
* Strong up trend
* Breaking out of an ascending triangle with higher than average volume
* This is the second time this is trying to breakout.
* Out performing the general market
Note:
Due to market volatility it's better to keep smaller targets.
Under normal circumstances this trade should give you a 54.14% ROI.
You can...
I like this stock, it is in an uptrend, so this time it could be a good time to take a position, it is ending the pullback, and it is touching a resistance area, another good point is that it is almost touching the EMA50, the lower line of the trend and a fibonacci resistance, if the price doesn't break those supports, then it could be a good entry... but there is...
NYSE:CALX gave one of my favorite bars today which I like to call a Death Star. It is an outside bearish engulfing bar that tried (and failed) to make a new high. It is one of the worst bars you can see at the top of a chart.
This one also broke out of the top of the triangle (and failed) and then broke the bottom of the triangle and closed under the trendline...
CALX dropped with the rest of the Archegos sell off. Since then it has made a steady climb back towards normal trading range. Before that time it was consistently making higher highs. Looking for CALX to get back to its trading range and start setting some new highs. This is not advice. Good Luck!
Despite the fact that $CALX came out with earnings that are above estimates. the price of the stock dropped and found SUPPORT @ $31.00. Nice time to add shares into Portfolio. Can be gained 15-20% profit in next coming weeks.
However; manage your risk. If ti dropps below $31.00 then consider to close your position. But lots of buys are coming in.
Earnings...
Hello traders, CALIX is in a very important moment in its history we can witness a new historical high. It is in a fake bearish movement with a large purchase volume made and a kind of water-carrying candle with a sell trace. The TIMEFRAME M1 makes us observed a kind of upside down hammer candle with a high sell volume executed, it goes towards its next low to...
